Recession in Business Transactions: How to Fix Something That’s Gone Wrong

Mistakes happen in transactional practice – mistakes of fact by the parties, drafting mistakes by attorneys, mistakes in understanding the law governing a transaction. Rescission is an effective tool in many circumstances for undoing a transaction gone awry, but there are risks – legal risks and tax risks. This program will provide you with a practical guide to rescission and backdating to fix mistakes in transactional practice, the circumstances in which they are appropriate, and the tax consequences.